Taipei: Shares in Taiwan experienced a robust rebound of more than 3 percent Tuesday morning after U.S. President Donald Trump expressed optimism regarding the potential resolution of the Middle East conflict during an interview with CBS.

According to Focus Taiwan, the Taiwan Stock Exchange's benchmark index, Taiex, soared 1,040.67 points, or 3.24 percent, reaching 33,151.09 at 10:12 a.m. This rebound came after a significant plunge on Monday, where the index dropped 4.43 percent, equivalent to 1,489.12 points, due to the escalating war in the Middle East, which pushed crude oil prices above US$100 per barrel. This decline marked the fourth steepest single-day point drop in the Taiex's history.

Analysts attributed the rebound to Trump's comments, which led to a decrease in crude oil prices to US$95 per barrel on Monday afternoon. This change in oil prices spurred major stock indexes in the United States to recover, influencing the Taiex to follow suit and rise over 1,000 points, returning to the 33,000 mark on Tuesday morning.

Taiwan Semiconductor Manufacturing Co. (TSMC), a contract chipmaker representing over 40 percent of the market's total value, spearheaded the Taiex's resurgence. By 10:12 a.m., TSMC's shares climbed 4.14 percent to NT$1,885.00 (US$59.30). Other significant tech stocks also demonstrated gains, with AI server maker and iPhone assembler Hon Hai Precision Co. rising 1.66 percent to NT$214.00, and smartphone IC designer MediaTek Inc. increasing 3.00 percent to NT$1,715.00.